Hello all I stumbled onto this forum in my quest to learn more about bitcoin and investing. I was looking into it back in 2013 and almost pulled the trigger like many but wasnt ready to invest that much money. Since then I have managed to build up a decent savings, pay off all debt, build up an IRA, and talk the wife into me not being crazy to put some money into bitcoin (success). So with that I came up with the following plan and was curious if this is a decent start?
1. Set up both coinbase and kraken accounts. (verified through coinbase first so they won my initial deposit from my bank to avoid fees)
2. transfer from Coinbase to GDAX when funds clear next week
3. Ordered Trezor (will be here soon)
4. Initially planning the following breakdown
Invest 1500 initially
1000 into BTC
300 in Litecoin
200 on hold to make a speculative add
How does that look? Should I be be buying BTC over time like 100 a week or should I just go for the full 1k upfront?
Planning on setting up a Bittrex account for altcoin trading
Anything else I need to be aware of to move purchases from wallet to Trezor? Do I need to set up anything additional for altcoins (additional wallet or will Bittrex suffice if Trezor doesnt support the coin?
Thanks for all your insights in advance and look forward to being a long standing member of the community.
For 200 usd bittrex would suffice, but if you plan to invest biggest sums I recommend you to never leave your money on an exchanger, you can use some multi-wallet apps like coinomi for Android, or even better download the pc wallet of any coin